China's state planning agency has recently approved steelmaking projects worth more than 100 billion yuan in total, it has also approved the construction of at least four new airports in western and northeastern China, according to various state media reports.

Quanjude

China's most famous Peking Duck restaurant chain responds to reports that it sold "gutter oil" (recycled duck fat from the kitchen) to merchants who then used it to make deep-fried snacks, saying "we were deceived by the merchants."

The company will soon hold a press conference to explain the matter further.